One thing I can assure you this would face a fate like UNOCOIN too. I don't know when will these people realize that their advertising terminology can put them in troubles. In India no Bank can be opened by approval of RBI. There is a hefty process of getting approval to be called a bank which even PAYTM and AIRTEL haven't been able to comply with and they still just have the status of "Payments Bank", not a complete bank. Hundreds of NBFC handling AUM and Loan Books of more than thousands of crores have not been upgraded to the status of Bank but this new startup has started calling itself a Bank. To be very honest legally speaking I would recommend you all to stay away from this until it gets an RBI NOC to operate. Supreme Court has said that RBI can monitor affairs of crypto space it has just uplifted the ban. Don't do foolish things that would lead to trouble.